Lessen those regulations on our industry and we can market competitive products at competitive prices, and producers can still make a profit.Or bang foreign products without these burdens with a tariff to make up the difference. I don't think tariffs should reflect wage differences. We will just have to work smarter to maintain our standard of living. If the foreigners catch up in the regulation sphere, the tariff goes away.
China charges a 17% tariff on our products. They have some balls, with their slave labor and brown clouds.
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I am still against regulation in the manner we impose it on our own industry. The consumer ends up paying for it with higher product prices. Tariffs on foreign produced goods will only raise the price of the product to another level.
If the consumer expects product A at a certain price, he (in most cases) will not pay more for that product. The industry supplying the product will need to produce the product more economically to stay in business, even if it means moving to foreign shores to escape our self imposed regulation.
In too many cases, I find our own regulations absolutely obtuse. When I was working in overseas, a carton of cigarettes in the US PX was approximately $23. The same product in the Italian PX next door was $13. Guess which PX had better business. We did that to ourselves with regulations and taxes, and these were US manufactured products.